Triangle Club Inc

Analysis

Triangle Club Inc is a registered charity in United States, based in Dover, NH. It received its IRS tax-exemption ruling in August 1987, 39 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Triangle Club Inc reported income of $208k and spending of $252k, spending 121% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $281k to $208k (-26%), an average of -7.2% a year. The sharpest change came in the year to October 2021, when income dropped by 35%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Triangle Club Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 57th percentile within NH. Charities of a similar size with the same main cause include Coral Thrift Shop Inc ($208k), Westfield Rotary Club Foundation ($208k) and Greenwich Cardinals Youth Hockey Association ($208k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 59% of the total. Other salaries and wages came to $119k. At year end it held assets of $858k against liabilities of $32k, net assets of $826k. It reported 4 employees.